Showing posts with label 2018 – Mar 02. Show all posts
Saturday, 24 February 2018
Nifty for week (Feb 26, 2018 – Mar 02, 2018)
Nifty closed the week on positive note gaining around 0.40%.
As we have mentioned last week, that support for the index lies in the zone of 10400 to 10500 where break out levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10100 where the index has taken multiple supports in the month of November-2017 & December-2017 and long term moving averages are lying. During the week the index manages to hit a low of 10303 and close the week around the levels of 10491.
Support for the index lies in the zone of 10400 to 10500 where break out levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10100 where the index has taken multiple supports in the month of November-2017 & December-2017 and long term moving averages are lying.
Resistance for the index lies in the zone of 10650 to 10750 from where the index has opened gap down. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 from where the index broke down after consolidation.
Broad range for the week is seen from 10000 on downside & 11000 on upside.
MORE WILL UPDATE SOON!!
Nifty Bank for the week (Feb 26, 2018 – Mar 02, 2018)
Nifty Bank closed the week on positive note gaining around 0.50%.
As we have mentioned, last week that support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manages to close below these levels then the index can drift to the levels of 24400 to 24500 where long term moving averages are lying. During the week the index manages to hit a low of 24782 and close the week around the levels of 25302.
Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manages to close below these levels then the index can drift to the levels of 24400 to 24500 where long term moving averages are lying.
Minor resistance for the index lies in the zone of 25700 to 25800. Resistance for the index lies in the zone of 26200 to 26300 from where the index has opened gap down. If the index manages to close above these levels then the index can move to the levels of 26700 to 26900 where trend-line joining earlier highs is lying.
Range for the week is seen from 24700 to 24800 on downside & 25700 to 25800 on upside.
MORE WILL UPDATE SOON!!
NIFTY IT for the week (Feb 26, 2018 – Mar 02, 2018)
Nifty IT index closed the week on positive note gaining around 3.50%.
As we have mentioned last week, that support for the index lies in the zone of 12200 to 12300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11700 to 11800 where medium term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 12229 and close the week around the levels of 12871.
Minor support for the index lies in the zone of 12500 to 12600. Support for the index lies in the zone of 12200 to 12300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11700 to 11800 where medium term moving averages and Fibonacci levels are lying.
Resistance for the index lies in the zone of 12800 to 12900 from where the index has opened gap down and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 13400 to 13500 where the index has formed a top in the month of January-2018.
Broad range for the index in the coming week is seen from 12400 to 12500 on downside & 13400 to 13500 on upside.
MORE WILL UPDATE SOON!!
NIFTY FMCG for the week (Feb 26, 2018 – Mar 02, 2018)
Nifty FMCG index closed the week on positive note gaining around 0.30%.
As we have mentioned last week, that support for the index lies in the zone of 26000 to 26200 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 25400 to 25500 where Fibonacci levels are lying. During the week the index manages to hit a low of 26262 and close the week around the levels of 26670.
Support for the index lies in the zone of 26000 to 26200 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 25400 to 25500 where Fibonacci levels are lying.
Resistance for the index lies in the zone of 26800 to 26900 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 27800 to 27900 where the index has formed a high in the month of January-2018.
Broad range for the index in the coming week is seen from 25400 to 25500 on downside & 27400 to 27500 on upside.
MORE WILL UPDATE SOON!!
NIFTY Pharma for the week (Feb 26, 2018 – Mar 02, 2018)
Nifty PHARMA index closed the week on negative note losing around 0.90%.
As we have mentioned last week, that minor support for the index lies in the zone of 9100 to 9150. Support for the index lies in the zone of 8900 to 8950 where the index has taken support in the month of December-2017. If the index manages to close below these levels then the index can drift to the levels of 8300 to 8400 where the index has taken support in the month of August-2017. During the week the index manages to hit a low of 8754 and close the week around the levels of 9095.
Support for the index lies in the zone of 8900 to 8950 where the index has taken support in the month of December-2017. If the index manages to close below these levels then the index can drift to the levels of 8700 to 8750 where the index has formed a double bottom in the month of February-2018.
Minor resistance for the index lies in the zone of 9150 to 9200. Resistance for the index lies in the zone of 9400 to 9450 where short, medium and long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9600 to 9650 where break down levels are lying.
Broad range for the index is seen from 8700 to 8750 on downside & 9400 to 9450 on upside.
MORE WILL UPDATE SOON!!
Technical Analysis-Banking Sector and its Main Components:(Feb 26, 2018 – Mar 02, 2018)
SBIN closed the week on positive note gaining around 1.60%.
As we have mentioned last week, that minor support for the stock lies in the zone of 265 to 270. Support for the stock lies in the zone of 250 to 255 from where the stock has opened gap up and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 240 to 245 where the stock has taken support in the month of October-2017. During the week the stock manages to hit a low of 257 and close the week around the levels of 276.
Minor support for the stock lies in the zone of 265 to 270. Support for the stock lies in the zone of 250 to 255 from where the stock has opened gap up and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 240 to 245 where the stock has taken support in the month of October-2017.
Minor resistance for the stock lies in the zone of 280 to 285. Resistance for the stock lies in the zone of 290 to 295 where Fibonacci levels and long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 300 to 305 from where the stock broke down after consolidation.
Broad range for the stock in the coming week can be 250 to 255 on lower side & 290 to 295 on upper side.
HDFC Bank closed the week on absolutely flat note.
As we have mentioned last week that support for the stock lies in the zone of 1840 to 1850 where medium term moving averages and lows for the month of January-2017 is lying. If the stock manages to close below these levels then the stock can drift to the levels of around 1780 to 1800 where the stock has taken support in the month of November-2017 & December-2017 and long term moving averages are lying. During the week the stock manages to hit a low of 1842 and close the week around the levels of 1881.
Support for the stock lies in the zone of 1840 to 1850 where medium term moving averages and lows for the month of January-2017 is lying. If the stock manages to close below these levels then the stock can drift to the levels of around 1780 to 1800 where the stock has taken support in the month of November-2017 & December-2017 and long term moving averages are lying.
Resistance for the stock lies in the zone of 1890 to 1900 where from the stock has broken down. If the stock manages to close above these levels then the stock can move to the levels of 1930 to 1940 from where the stock has opened gap down.
Broad range for the stock in the coming week can be 1820 to 1830 on lower side & 1920 to 1930 on upper side.
ICICI Bank closed the week on positive note gaining around 0.50%.
As we have mentioned last week, that support for the stock lies in the zone of 315 to 320 from where the stock broke out of December-2017 high. If the stock manages to close below these levels then the stock can drift to the levels of 300 to 305 where long term moving averages are lying. During the week the stock manages to hit a low of 314 and close the week around the levels of 323.
Support for the stock lies in the zone of 315 to 320 from where the stock broke out of December-2017 high. If the stock manages to close below these levels then the stock can drift to the levels of 300 to 305 where long term moving averages are lying.
Minor resistance for the stock lies in the zone of 330 to 333. Resistance for the stock lies in the zone of 340 to 345 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 355 to 360.
Broad range for the stock in the coming week can be 300 – 305 on lower side & 350 – 355 on upper side.
Axis Bank closed the week on negative note losing around 0.20%.
As we have mentioned last week, that support for the stock lies in the zone of 525 to 535 where Fibonacci levels and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 495 to 500 where trend-line support for the stock is lying. During the week the stock manages to hit a low of 524 and close the week around the levels of 537.
Support for the stock lies in the zone of 525 to 535 where Fibonacci levels and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 495 to 500 where trend-line support for the stock is lying.
Minor resistance for the stock lies in the zone of 550 to 555. Resistance for the stock lies in the zone of 570 to 580 where break down levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 585 to 590 from where the stock broke down after consolidation.
Broad range for the stock in the coming week can be 500– 505 on lower side & 550 – 555 on upper side.
MORE WILL UPDATE SOON!!
Technical Analysis-IT Sector and its Main Components:(Feb 26, 2018 – Mar 02, 2018)
TCS closed the week on positive note gaining around 4.90%.
As we have mentioned last week, that resistance for the stock lies in the zone of 3000 to 3030 from where the stock has broken down. If the stock manages to close above these levels then the stock can move to the levels of 3080 to 3100. During the week the stock manages to hit a high of 3089 and close the week around the levels of 3076.
Support for the stock lies in the zone of 2980 to 3020 from where the stock broke out after consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 2880 to 2910 where break out levels are lying.
Resistance for the stock lies in the zone of 3080 to 3100 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 3180 to 3230 where the stock has formed a top in the month of January-2018.
Broad range for the stock in the coming week is seen between 2900 to 2950 on downside & 3230 to 3280 on upside.
INFY closed the week on positive note gaining around 2.50%.
As we have mentioned last week, that minor support for the stock lies in the zone of 1095 to 1100. Support for the stock lies in the zone of 1070 to 1080 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels the stock can drift to the levels of 1020 to 1030 where Fibonacci levels are lying. During the week the stock manages to hit a low of 1104 and close the week around the levels of 1156.
Minor support for the stock lies in the zone of 1120 to 1130. Support for the stock lies in the zone of 1070 to 1080 where Fibonacci levels are lying. If the stock manages to close below these levels the stock can drift to the levels of 1020 to 1030 where Fibonacci levels are lying.
Resistance for the stock lies in the zone of 1160 to 1170 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of around 1200 to 1220 where the stock has formed a top in the month of January-2018.
Broad range for the stock in the coming week is seen between 1100 to 1100 on downside & 1200 to 1210 on upside.
Wipro closed the week on positive note gaining around 1.40%.
As we have mentioned last week, that support for the stock lies in the zone of 280 to 285 where the stock has formed a bottom in the month of December-2017 and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 270 to 275 where Fibonacci levels are lying. During the week the stock manages to hit a low of 289 and close the week around the levels of 295.
Support for the stock lies in the zone of 282 to 287 where the stock has formed a bottom in the month of December-2017 and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 270 to 275 where Fibonacci levels are lying.
Resistance for the stock lies in the zone of 300 to 305 from where the stock has broken down and short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 310 to 315.
Broad range for the stock in the coming week is seen between 280 to 285 on downside & 305 to 310 on upside.
HCL Tech closed the week on positive note gaining around 2.00%.
As we have mentioned last week, that support for the stock lies in the zone of 920 to 930 where break out levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 880 to 890 where the stock has taken multiple support in the month of January-2018 and long term moving averages are lying. During the week the stock manages to hit a low of 900 and close the week around the levels of 956.
Support for the stock lies in the zone of 920 to 930 where break out levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 880 to 890 where the stock has taken multiple support in the month of January-2018 and long term moving averages are lying.
Minor resistance for the stock lies in the zone of 970 to 980. Resistance for the stock lies in the zone of 1005 to 1010. If the stock manages to close above these levels then the stock can move to the levels of 1050 to 1060 where life time high for the stock is lying.
Broad range for the stock in the coming week is seen between 910 to 920 on downside & 990 to 1000 on upside.
MORE WILL UPDATE SOON!!
Technical Analysis-FMCG Sector and its Main Components: (Feb 26, 2018 – Mar 02, 2018)
ITC closed the week on positive note gaining around 1.00%.
As we have mentioned last week, that support for the stock lies in the zone of 264 to 266 from where the stock has broken out after consolidation and short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 258 to 260 where the stock has taken multiple support in the month of December-2017. During the week the stock manages to hit a low of 262 and close the week around the levels of 269.
Support for the stock lies in the zone of 264 to 266 from where the stock has broken out after consolidation and short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 258 to 260 where the stock has taken multiple support in the month of December-2017.
Minor resistance for the stock lies in the zone of 270 to 272. Resistance for the stock lies in the zone of 275 to 277 where break down levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 280 to 282 where long term moving averages are lying.
Broad range for the stock in coming week is seen between 258 to 260 on downside & 278 to 280 on upside.
HIND Unilever closed the week on negative note losing around 2.10%.
As we have mentioned last week, that minor support for the stock lies in the zone of 1325 to 1330. Support for the stock lies in the zone of 1300 to 1310 where medium term moving averages and break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1220 to 1230 where the stock has taken multiple supports in the month of November-2017 & December-2017. During the week the stock manages to hit a low of 1313 and close the week around the levels of 1323.
Support for the stock lies in the zone of 1300 to 1310 where medium term moving averages and break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1220 to 1230 where the stock has taken multiple supports in the month of November-2017 & December-2017.
Minor resistance for the stock lies in the zone of 1340 to 1350. Resistance for the stock lies in the zone of 1390 to 1400 where the stock has formed a double top pattern in the month of January-2018. If the stock manages to close above these levels then the stock can move to the levels of 1430 to 1440.
Broad range for the stock in coming week is seen between 1280 to 1300 on downside & 1380 to 1400 on upside.
Colgate Palmolive closed the week on negative note losing around 2.50%.
As we have mentioned last week, that support for the stock lies in the zone of 1070 to 1080 where medium & long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1020 to 1040 where the stock has taken multiple supports in the month of November-2017 & December-2017. During the week the stock manages to hit a low of 1034 and close the week around the levels of 1050.
Support for the stock lies in the zone of 1020 to 1040 where the stock has taken multiple supports in the month of November-2017 & December-2017. If the stock manages to close below these levels then the stock can drift to the levels of 980 to 1000.
Resistance for the stock lies in the zone of 1070 to 1080 where medium & long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1130 to 1140 from where the stock broke down after consolidation.
Broad range for the stock is seen between 980 to 1000 on downside & 1100 to 1120 on upside.
Dabur closed the week on negative note losing around 3.50%.
As we have mentioned last week, that support for the stock lies in the zone of 335 to 340 where break out levels and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 315 to 320 from where the stock broke out of triple top pattern. During the week the stock manages to hit a low of 325 and close the week around the levels of 331.
Support for the stock lies in the zone of 315 to 320 from where the stock broke out of triple top pattern and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 300 to 305.
Minor resistance for the stock lies in the zone of 335 to 340. Resistance for the stock lies in the zone of 345 to 350 where break down levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 365 to 370 where the stock has formed a top in the month of January-2018.
Broad range for the stock in the coming week can be seen between 310 to 315 on downside & 350 to 355 on upside.
MORE WILL UPDATE SOON!!
Friday, 23 February 2018
Technical analysis-Pharma Sector and its Main Components-(Feb 26, 2018 – Mar 02, 2018)
SUN PHARMA closed the week on negative note losing around 1.00%.
As we have mentioned last week, that minor support for the stock lies in the zone of 565 to 570. Support for the stock lies in the zone of 545 to 550 where break out levels and short & 200 daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 530 to 535 from where the stock broke out after consolidation. During the week the stock manages to hit a low of 511 and close the week around the levels of 570.
Minor support for the stock lies in the zone of 558 to 562. Support for the stock lies in the zone of 545 to 550 where break out levels and medium & 200 daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 530 to 535 from where the stock broke out after consolidation.
Minor resistance for the stock lies in the zone of 575 to 580. Resistance for the stock lies in the zone of 590 to 600 where the stock has formed a top in the month of July-2017 and January-2018. If the stock manages to close above these levels then the stock can move to the levels of 615 to 620 from where the stock has broken down in the month of May-2017.
Broad range for the stock in the coming week can be 550 – 555 on lower side & 600 – 610 on upper side.
Dr Reddy closed the week on negative note losing around 2.10%.
As we have mentioned last week, that resistance for the stock lies in the zone of 2170 to 2220 from where the stock broke down from the December-2017 lows. If the stock manages to close above these levels then the stock can move to the levels of 2300 to 2350 where Fibonacci levels and short & medium term moving averages are lying. During the week the stock manages to hit a high of 2234 and close the week around the levels of 2167.
Minor support for Lupin closed the week on negative note losing around 2.20%.
As we have mentioned last week, that support for the stock lies in the zone of 800 to 805 where the stock has formed a bottom in the month of December-2017. If the stock manages to close below these levels then the stock can drift to the levels of 780 to 790 where the stock has formed short term bottom. During the week the stock manages to hit a low of 796 and close the week around the levels of 808.
Support for the stock lies in the zone of 800 to 805 where the stock has formed a bottom in the month of December-2017. If the stock manages to close below these levels then the stock can drift to the levels of 780 to 790 where the stock has formed short term bottom.
Minor resistance for the stock lies in the zone of 820 to 830. Resistance for the stock lies in the zone of 845 to 850 where break down levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 875 to 880 where Fibonacci levels are lying.
Broad range for the stock in coming week can be seen from 770 – 780 on lower side & 840 – 850 on upper side.e stock lies in the zone of 2120 to 2140. Support for the stock lies in the zone of 2000 to 2050 from where the stock broke out on weekly charts. If the stock manages to close below these levels then the stock can drift to the levels of 1900 to 1950 where Fibonacci levels and bottom for the month of August-2017 is lying.
Resistance for the stock lies in the zone of 2170 to 2220 from where the stock broke down from the December-2017 lows. If the stock manages to close above these levels then the stock can move to the levels of 2300 to 2350 where Fibonacci levels and short & medium term moving averages are lying.
Broad range for the stock is seen from 2050 – 2100 on downside & 2350 – 2400 on upside.
CIPLA closed the week on negative note losing around 2.50%.
As we have mentioned last week, that support for the stock lies in the zone of 595 to 600 where short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can move to the levels of 570 to 575 where low for the month of December-2017 and long term moving averages are lying. During the week the stock manages to hit a low of 586 and close the week around the levels of 596.
Support for the stock lies in the zone of 595 to 600 where short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can move to the levels of 570 to 575 where low for the month of December-2017 and long term moving averages are lying.
Resistance for the stock lies in the zone of 625 to 630 where the stock has formed a double top. If the stock manages to close above these levels then the stock can move to the levels of 645 to 650.
Broad range for the stock is seen in the range of 570 – 575 on downside & 620 – 625 on upside.
MORE WILL UPDATE SOON!!
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